James Hardie Industries (NYSE:JHX) Downgraded by TheStreet to C+

TheStreet downgraded shares of James Hardie Industries (NYSE:JHXGet Rating) from a b- rating to a c+ rating in a report released on Monday morning, TheStreetRatingsTable reports.

Other analysts have also issued research reports about the stock. StockNews.com raised shares of James Hardie Industries from a hold rating to a buy rating in a report on Tuesday. Jefferies Financial Group lowered shares of James Hardie Industries from a buy rating to an underperform rating in a report on Thursday, November 10th. Bank of America initiated coverage on shares of James Hardie Industries in a report on Thursday, September 29th. They issued a buy rating and a $29.80 price target for the company. Finally, Royal Bank of Canada lowered shares of James Hardie Industries from an outperform rating to a sector perform rating in a report on Tuesday, November 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $29.80.

James Hardie Industries Stock Performance

NYSE JHX opened at $19.55 on Monday. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.26 and a beta of 1.34. The company has a 50 day moving average of $20.56 and a 200-day moving average of $22.85. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64. James Hardie Industries has a 1-year low of $17.86 and a 1-year high of $41.64.

Hedge Funds Weigh In On James Hardie Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ellevest Inc. bought a new position in James Hardie Industries in the second quarter valued at approximately $31,000. BNP Paribas Arbitrage SA boosted its stake in James Hardie Industries by 880.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,960 shares of the construction company’s stock valued at $59,000 after acquiring an additional 1,760 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in James Hardie Industries by 150.7% in the first quarter. Advisor Group Holdings Inc. now owns 2,472 shares of the construction company’s stock valued at $74,000 after acquiring an additional 1,486 shares during the last quarter. Wipfli Financial Advisors LLC bought a new position in James Hardie Industries in the third quarter valued at approximately $84,000. Finally, JPMorgan Chase & Co. boosted its stake in James Hardie Industries by 28.0% in the first quarter. JPMorgan Chase & Co. now owns 2,926 shares of the construction company’s stock valued at $88,000 after acquiring an additional 640 shares during the last quarter. 1.54% of the stock is owned by institutional investors.

James Hardie Industries Company Profile

(Get Rating)

James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, the Philippines, and Canada.

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